New WAY for Charleston ‘PAL

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WPAL-FM Ridgeville SC is headed out of receivership and into the non-profit arena after moving from Gresham Communications to Caswell Capital Partners. Caswell is sending it to WAY-FM Media Group, headed by Robert D. Augsburg, for $1.65M cash. The change in ownership shouldn’t be too noticeable, however – according to documents filed with the FCC, WAY has been operating the station in an LMA since 4/1/08.